Aris Water Solutions Q2 EPS $0.22 Beats $0.12 Estimate, Sales $96.63M Beat $92.61M Estimate
Portfolio Pulse from mahesh@benzinga.com
Aris Water Solutions (NYSE:ARIS) reported Q2 earnings of $0.22 per share, beating the analyst consensus estimate of $0.12 by 83.33%. However, this is a 59.26% decrease from the same period last year. The company also reported quarterly sales of $96.63 million, beating the estimate of $92.61 million by 4.34%, and marking a 26.51% increase from last year.
August 04, 2023 | 12:10 pm
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Aris Water Solutions reported better than expected Q2 earnings and sales. However, earnings per share decreased by 59.26% compared to the same period last year.
While Aris Water Solutions beat Q2 estimates, the significant YoY decrease in earnings per share could potentially offset the positive impact of beating estimates. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100